Elsewhere Partners today announced the appointment of technology industry veteran Rita Selvaggi, who has a track record of driving high-velocity growth for IT infrastructure, security and analytics software companies, as an Operating Partner to support increased investment endeavors and the needs of its expanding portfolio.
“Economic turmoil often fuels interest in the fires that have long burned unnoticed. While other investors may finally be starting to smell the smoke and see the telltale signs of opportunity beyond the unicorns, we’ve been finding and patiently fueling these fires for years,” said Chris Pacitti, Founder and Partner at Elsewhere Partners. “There is tremendous opportunity for strategic investments in our niche focus area – software outliers with proven market fit and early market traction. Deepening our longstanding relationship by adding Rita Selvaggi to our investment team will help ensure we are ready to uncover, invest in and guide slow-burn startups into predictable growth businesses primed to properly scale.”
Bringing over thirty years of experience helping software companies scale to her new role as part of Elsewhere’s Austin-based team, Selvaggi will focus on supporting investment activities, deepening the firm’s network and guiding portfolio companies’ strategic growth. Serving as a primary member of the firm’s Operating Advisor network for the past five years, Selvaggi has a keen grasp of Elsewhere’s focus on capital-efficient, growth-ready software companies and will help align future investments with the firm’s long-term vision.
In her most recent role as CEO of ActivTrak (an Elsewhere portfolio company), Selvaggi led the workforce analytics and productivity management company’s dramatic 485 percent revenue growth after its initial funding by Elsewhere Partners in 2019 and subsequent Series B with Sapphire Ventures. She continues to serve on the board of ActivTrak as Executive Chair. Previously, Selvaggi served as chief marketing officer of AlienVault, a high-growth security software company that was acquired by AT&T in 2018. Prior to that, she was the senior vice president of marketing at SolarWinds, building and scaling the product-led-growth (PLG) engine leading up to and through the company’s milestone post-recession IPO in 2009. She also currently serves on the board of directors for BackBox and Vyopta, Inc. She earned her MBA from the University of Texas at Austin and BA from the University of Delaware.
About Elsewhere Partners
Elsewhere Partners is a growth-stage investment firm that invests in Elsewhere Outliers – business software companies that are located outside of traditional venture capital hubs and have achieved substantial customer traction and revenue growth without significant outside funding. Elsewhere Partners combines transitional capital with transformational expertise to help companies achieve exit readiness on their own terms. Collectively, Elsewhere's investors, Operating Partners and Operating Advisors represent experience across 150+ organizations, 100+ acquisitions, 150+ rounds of financing and $1+ billion in total investment. To learn more, visit https://elsewhere.partners.
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Connexa Communications for Elsewhere Partners